1 April 2022 false No description of principal activity Taxfiler 2023.14 09755230business:PrivateLimitedCompanyLtd2022-04-012023-03-31 097552302022-03-31 097552302022-04-012023-03-31 09755230business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 09755230business:FilletedAccounts2022-04-012023-03-31 097552302023-03-31 09755230business:Director12022-04-012023-03-31 09755230business:RegisteredOffice2022-04-012023-03-31 097552302022-03-31 09755230core:WithinOneYear2023-03-31 09755230core:WithinOneYear2022-03-31 09755230core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 09755230core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 09755230core:RevaluationReservecore:PreviouslyStatedAmount2023-03-31 09755230core:RevaluationReservecore:PreviouslyStatedAmount2022-03-31 09755230core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 09755230core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 09755230core:PreviouslyStatedAmount2023-03-31 09755230core:PreviouslyStatedAmount2022-03-31 09755230business:SmallEntities2022-04-012023-03-31 09755230countries:EnglandWales2022-04-012023-03-31 09755230core:MotorVehicles2022-04-012023-03-31 09755230core:FurnitureFittings2022-04-012023-03-31 09755230core:LandBuildings2022-03-31 09755230core:MotorVehicles2022-03-31 09755230core:FurnitureFittings2022-03-31 09755230core:LandBuildings2022-04-012023-03-31 09755230core:LandBuildings2023-03-31 09755230core:MotorVehicles2023-03-31 09755230core:FurnitureFittings2023-03-31 097552302021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 09755230 (England and Wales)
The Potting Shed (Liverpool) Limited Unaudited accounts for the year ended 31 March 2023
The Potting Shed (Liverpool) Limited Unaudited accounts Contents
Page
- 2 -
The Potting Shed (Liverpool) Limited Company Information for the year ended 31 March 2023
Director
K Perryman
Company Number
09755230 (England and Wales)
Registered Office
Eastham Hall Eastham Wirral CH62 0AF
- 3 -
The Potting Shed (Liverpool) Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
556,505 
542,592 
Current assets
Inventories
24,000 
12,000 
Debtors
191,364 
12,000 
Cash at bank and in hand
25,064 
127,350 
240,428 
151,350 
Creditors: amounts falling due within one year
(528,695)
(475,159)
Net current liabilities
(288,267)
(323,809)
Net assets
268,238 
218,783 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
217,354 
217,354 
Profit and loss account
50,883 
1,428 
Shareholders' funds
268,238 
218,783 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 December 2023 and were signed on its behalf by
K Perryman Director Company Registration No. 09755230
- 4 -
The Potting Shed (Liverpool) Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
The Potting Shed (Liverpool) Limited is a private company, limited by shares, registered in England and Wales, registration number 09755230. The registered office is Eastham Hall, Eastham, Wirral, CH62 0AF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Straight Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Commencement of Trade
The Company was established to refurbish a building which would be used to create a new restaurant. As at 31st March 2019 the property refurbishment was almost complete and the restaurant was ready to open to the public and commence trade on 1st April 2019.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 5 -
The Potting Shed (Liverpool) Limited Notes to the Accounts for the year ended 31 March 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
460,000 
- 
126,990 
586,990 
Additions
- 
43,950 
- 
43,950 
At 31 March 2023
460,000 
43,950 
126,990 
630,940 
Depreciation
At 1 April 2022
- 
- 
44,398 
44,398 
Charge for the year
- 
10,988 
19,049 
30,037 
At 31 March 2023
- 
10,988 
63,447 
74,435 
Net book value
At 31 March 2023
460,000 
32,962 
63,543 
556,505 
At 31 March 2022
460,000 
- 
82,592 
542,592 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
191,364 
- 
Other debtors
- 
12,000 
191,364 
12,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
327,513 
349,831 
Obligations under finance leases and hire purchase contracts
44,241 
- 
Trade creditors
29,571 
33,916 
Taxes and social security
23,843 
14,373 
Loans from directors
100,527 
74,039 
Accruals
3,000 
3,000 
528,695 
475,159 
7
Average number of employees
During the year the average number of employees was 32 (2022: 29).
- 6 -